In reply to Bojo:
I've done a lot of drilling into concrete and rock this last year and based on my experience, I can't imagine a normal drill having any luck cutting a hole that big in Concrete, it's just not the right tool for the job. Even just making 14mm holes, I've generally had to go 6mm, then 8, 10, 12, 14 in turn to get a hole with a normal drill (using hammer setting). Obviously a core bit is not trying to grind out the full 50mm hole, just the rim round the outside but I still think that if you try, you will likely get nowhere and/or break the drill (I killed a normal drill that didn't even last half a day with small masonry bits).
I actually wanted to exactly what you want to do a few months ago only with an 80mm hole and after a bit of research and experimentation and thinking I gave up and found an alternative.
Good luck!